dCity is a long running simulation game built on the HIVE blockchain - players can collect NFTs in their account and through the unique combinations of all the NFTs they hold produce effects, including ranking rewards, new NFT minting, access to raffles and giveaways and token minting.
Its a complex, math based game that is super fun for some, and way to complicated for many. Which is one of the reasons why I am the top player in the world - and I (and others) have made a lot of money from playing this game, and playing it well.
Its also the reason why I created the ARMERO token, when I saw an opportunity to tokenize exposure to dCity, I thought it could be good for certain funds (like my INCOME Synergy Fund) to get exposure to dCity without having to 'play'. And this has worked out enormously well for INCOME.
Today I am going to lay out the case for you to hold some ARMERO token, and announce a private sale of ARMERO tokens at 0.3 HIVE each. Read on to find out more.
What is ARMERO?
ARMERO token represents a tokenized share in the @armero account (and occasionally @armero2 when we need it), which is the topped ranked dCity for INCOME and 7th rank LP provider in the SIM:SWAP.HIVE liquidity pool.
It generates 0.001 HIVE per week of dividends and uses the rest of its income to grow its base, usually by expanding its LP position but occasionally purchasing additional dCity NFTs as needed.
While the market estimate of the NFTs on the @armero account varies, currently they are estimated at over 79 million SIM - or 20777 HIVE.
Additionally, the LP position is worth another 6822 HIVE, and 72 HP, bringing the assets under management on the account to 27671 HIVE.
Because there are 85,299 ARMERO outstanding, we can calculate a asset backed value (ABV) for each token, through simple division: 27671/85299 = 0.3244 HIVE per ARMERO token.
Private Sale at 0.3 HIVE per ARMERO
- Why is this a private sale?
Because @armero is not minting any more tokens. There are two major holders, myself and @treasure.hoard that have agreed to sell some ARMERO at 0.3, and will list them on the market. Holders and market participants are free to operate in the market below this price - this is how markets work.
- Why is there a discount to ABV?
Headline value numbers can vary a lot. I think its safe to assume a small discount to ABV which is fair (and already agreed upon) to sellers and allow potential upside to new buyers.
Price and APR have an inverse correlation, and with divs producing 0.052 HIVE per year in cashflow, we can calculate the headline APR of 16% on ARMERO purchased at 0.3 - the APR will be higher if your purchase price is lower and vice versa.
This is in addition to the value growth, which we have managed quite nicely (one year ago we had zero LP position), as well as new developments to the game (see @dcitygame) such as the upcoming airdrop to SIMclub members. For example ARMERO is set to get 13 SIMboxes of new edition NFTs when this comes out.
Is the @dcitygame still alive?
Yes, in fact its one of the most continously updated projects on HIVE. @gerber and team continuously propose and implement new ideas, new combines, new NFTs, new mechanics and more - and have been implementing things all year long.
There are also a goodly number of assets backing the whole project - @gerber originally took his 'dev share' of token sales and invested it wisely, creating a large pool of money backing up the game. As was stated recently - there is more money backing the game than the whole market cap of SIM token!
Bringing it all together
Not everyone is interested in getting involved in a complex game like dCity - there is a lot to learn especially for someone coming in new and fresh. Its possible to do, and possibly even recommended - my starter city has 3x'd in value since I launched it last year.
But even then, the best APRs for playing are often earned at scale. @armero has achieved this through a unique methodology, becoming the number 1 ranked city for the income statistic, giving it a boosted income of over 13000 SIM per day just from this one statistic.
By holding ARMERO - you can get exposure to a growing portfolio of dCity assets as well as a 16% APR throughout the year - all without having to spend time clicking buttons or worrying about the rules and then the rule changes.
Consider holding ARMERO token in your porfolio - buy some today.
Freedom and Friendship
Posted Using InLeo Alpha
